Raymond James Financial Inc. Buys New Shares in National Storage Affiliates Trust (NYSE:NSA)

Raymond James Financial Inc. bought a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 352,251 shares of the real estate investment trust's stock, valued at approximately $13,354,000. Raymond James Financial Inc. owned approximately 0.46% of National Storage Affiliates Trust as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NSA. Loomis Sayles & Co. L P bought a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at about $25,000. Versant Capital Management Inc grew its position in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 710 shares during the last quarter. KBC Group NV grew its position in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after buying an additional 1,869 shares during the last quarter. Finally, Johnson & White Wealth Management LLC bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 99.97% of the company's stock.

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Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 13.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NSA. Wells Fargo & Company lowered their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Robert W. Baird decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.06.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded down $0.19 on Friday, hitting $38.20. The company had a trading volume of 1,361,166 shares, compared to its average volume of 625,072. The business has a 50-day simple moving average of $37.58 and a 200-day simple moving average of $41.32. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $2.92 billion, a PE ratio of 22.34 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.